Minto

Minto Monthly Report | July July brought some relief to the Bitcoin mining market after a difficult June. BTC opened the month near $59.3K and closed around $63.6K, gaining about 7.2%. At the same time, mining economics improved slightly: average USD hashprice rose 2.8% to $31.21 per PH/s/day. One of the most interesting developments was network difficulty. Bitcoin difficulty fell twice during July: • -5.0% on July 11 • -0.74% on July 25 Together, that brought difficulty down by 5.71% over the month. And this is a good reminder of how mining cycles actually work. When BTC price falls or operating costs rise, less efficient miners start shutting machines down. Hashrate declines. The Bitcoin protocol then adjusts difficulty downward, making mining easier for the operators that remain online. Margins improve. That can bring machines back online, attract new capacity and eventually push difficulty higher again. It is a constant cycle of competition, efficiency and adaptation. July showed this mechanism clearly. After June's sharp pressure on miner profitability, lower difficulty helped BTC-denominated hashprice rise to its highest monthly average since August 2025. By the beginning of August, network hashrate was already moving back toward the 900+ EH/s range Price is one part of the equation. Difficulty, hashrate, energy costs and equipment efficiency define the economics behind every block. And through every cycle, the network continues adjusting itself. Minto.finance

The most overlooked asset in the Bitcoin ecosystem isn't Bitcoin. It's hashrate. Hashrate represents real-world investment. Every increase means someone purchased new ASICs, secured energy contracts, built infrastructure and committed capital for years. You can't fake hashrate. It's one of the purest indicators of long-term confidence in Bitcoin. That's why professional investors don't just watch price. They watch the network. At Minto, we see mining infrastructure as one of the most important layers of the Bitcoin economy, giving investors exposure beyond simply holding BTC.

When people think about Bitcoin, they usually picture charts, wallets or price movements. What they rarely picture is the infrastructure behind it. Massive mining facilities. Specialized ASIC hardware. Power management. Cooling systems. Engineers keeping operations running around the clock. Bitcoin isn’t only a digital asset. It’s also one of the largest industrial networks built around a decentralized protocol. The more the ecosystem grows, the more important that invisible layer becomes.

Minto Monthly Report | June June was another month of steady progress for Minto and another important chapter for the Bitcoin mining industry. While the market remained volatile, Bitcoin continued to do what it has always done -producing a new block approximately every 10 minutes, secured by one of the world's most powerful decentralized computing networks. Here's what shaped the industry this month. Bitcoin Mining Market | June June reminded the market that Bitcoin mining is ultimately a long-term infrastructure business. Despite short-term pressure on mining profitability, network security remained exceptionally strong. Throughout the month, the Bitcoin network continued operating around the historic 1 ZH/s (zettahash per second) milestone - an extraordinary level of computing power protecting the blockchain. Mining difficulty also demonstrated just how dynamic the network has become. Following one of the largest downward difficulty adjustments of the ASIC era in mid-June (-10.1%), the network quickly recovered with a +7.2% increase by the end of the month as computing power returned online. Meanwhile, another long-term trend continued to gain momentum. More publicly listed mining companies are expanding beyond Bitcoin by integrating AI and high-performance computing (HPC) workloads into their data centers, turning mining infrastructure into multi-purpose digital infrastructure. One thing, however, hasn't changed. Every new Bitcoin still requires real-world infrastructure: energy, hardware and computing power. Every new mining facility, every ASIC deployed and every infrastructure upgrade represents a long-term investment in the future of the Bitcoin network. Minto.finance

Think about real estate. Some people buy apartments because they expect prices to rise. Others invest in income-generating properties because they value cash flow and long-term infrastructure. Bitcoin creates a similar choice. Owning BTC gives you direct exposure to the asset. Owning mining exposure means participating in the infrastructure that powers the network itself. Different strategies, different risk profiles - but both are built around the same long-term conviction: Bitcoin is here to stay.

Traditional markets have opening bells, holidays and trading hours. Bitcoin has none of that. It doesn’t pause on weekends. It doesn’t close for public holidays. It doesn’t wait for central banks. Roughly every ten minutes, another block is added to the chain, no matter what’s happening in the world. Behind that consistency is a global network of miners working 24/7 to secure the protocol. It’s one of the few financial systems that simply never sleeps.

Minto Monthly Report | May May was another productive month for Minto and an important one for the Bitcoin mining industry as a whole. While markets continued to react to macroeconomic uncertainty and shifting investor sentiment, one thing remained constant: the Bitcoin network kept producing a new block roughly every 10 minutes, secured by one of the world's largest decentralized computing infrastructures. Bitcoin Mining Market | May May highlighted an important shift taking place across the mining industry. The Bitcoin network hashrate continued to operate close to the 1 ZH/s milestone, demonstrating that enormous computing power continues to secure the network. Even after a challenging start to the year for mining profitability, operators continued investing in infrastructure-showing that the industry's outlook remains focused on the long term rather than short-term market moves. Minto.finance

When people compare Bitcoin to gold, they usually stop at one idea: both are scarce assets. But there’s another comparison that often gets overlooked. With gold, investors have always had two choices: - own the metal itself; - own the companies that mine it. Bitcoin follows a surprisingly similar pattern. You can hold BTC as a long-term store of value, or you can gain exposure to the infrastructure that secures the network and produces every new coin entering circulation. Neither approach is inherently better. They’re simply different ways to participate in the same ecosystem. As Bitcoin matures, we believe the conversation will shift from “Should I own Bitcoin?” to “Which part of the Bitcoin economy do I want to own?”

🌚 Our April report is live. Take a look 📝

🍕 On May 22, 2010, Laszlo Hanyecz became the first person to spend Bitcoin when it still meant almost nothing. The first Bitcoin transaction. The first person who simply believed in the idea behind it. Happy Bitcoin Pizza Day🎊

💚 Minto’s hashrate reached 600 PH/s 🚀 At the same time, we maintained AEE at 24 W/TH and CEE at 21.5 W/TH. Reaching the 600,000 TH/s milestone confirms the effectiveness of the strategy supported by the community through VOTE#13 and earlier governance votes. 📈The growth of our computing power accelerates the expansion of Minto’s Bitcoin reserve, which in turn allows us to allocate even more capital toward purchasing new miners. Minto’s current hashrate is already verified and publicly displayed in F2Pool statistics.📎

This is what you look like when you mine Bitcoin 😸

📈May 2026 confirms the trend. The market is increasingly concentrating around Bitcoin. Strong strategies in this cycle are no longer built around trying to guess the “next coin,” but around the assets connected to Bitcoin itself and the efficiency of its production. 🌟That’s why long-term players: — hold BTC as a core strategic asset; — build exposure to hashrate; — focus on long-term efficiency rather than hype. This is exactly why mining-backed models continue to attract market attention. $BTCMT is more than just a token. It provides access to real hashrate and participation in Bitcoin mining through staking.💰 #btcmt #bitcoin

We've prepared a report for March — take a look! 🤩